Nokian Renkaat Stock Forward View - Simple Regression

Nokian Renkaat Additional Predictive Modules

Most predictive techniques to examine Nokian price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Nokian using various technical indicators. When you analyze Nokian charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. Simple Regression model is a single variable regression model that attempts to put a straight line through Nokian Renkaat price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Nokian Renkaat Simple Regression Price Forecast For the 28th of February

Given 90 days horizon, the Simple Regression forecasted value of Nokian Renkaat Oyj on the next trading day is expected to be 11.71 with a mean absolute deviation of 0.43, mean absolute percentage error of 0.25, and the sum of the absolute errors of 25.95.

Nokian Renkaat Stock Forecast Pattern

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Nokian Renkaat Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Nokian Renkaat stock data series using in forecasting. Note that when a statistical model is used to represent Nokian Renkaat stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Nokian Renkaat Oyj historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Nokian Renkaat

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nokian Renkaat Oyj. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 8.76 10.83 12.90 Details

Intrinsic Valuation Low Real High 10.22 12.29 14.36 Details

Bollinger Band Projection (param) Low Middle High -1.56 10.90 11.52 Details

Nokian Renkaat After-Hype Price Density Analysis

Nokian Renkaat Estimiated After-Hype Price Volatility

Nokian Renkaat Stock Price Outlook Analysis

Notes

Nokian Renkaat Hype Timeline

Nokian Renkaat Oyj is at this time traded for 10.83on Helsinki Exchange of Finland. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Nokian is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.45%. %. The volatility of related hype on Nokian Renkaat is about 0.0%, with the expected price after the next announcement by competition of 10.83. About 12.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.84. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nokian Renkaat Oyj last dividend was issued on the 2nd of November 2022. The entity had 10:1 split on the 18th of April 2005. Assuming the 90 days trading horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Nokian Renkaat to cross-verify your projections.

Nokian Renkaat Related Hype Analysis

Other Forecasting Options for Nokian Renkaat

For every potential investor in Nokian, whether a beginner or expert, Nokian Renkaat's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nokian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nokian. Basic forecasting techniques help filter out the noise by identifying Nokian Renkaat's price trends.

Nokian Renkaat Related Equities

Risk & Return

Correlation

Nokian Renkaat Market Strength Events

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